Subject: Amex excels in Q1
American Express posted higher profit in the first quarter as the company's cardholders continued to spend.

The New York-based credit card company on Friday reported a profit of $2.44 billion, or $3.33 a share, in the quarter ended March 31, compared with $1.82 billion, or $2.40 a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $2.95. Revenue rose 11% to $15.80 billion…

Squeri said the company had continued to see strong demand from younger Millenial and Gen Z consumers as new card acquisitions accelerated in the quarter.

https://www.morningstar.com/ne...